From rags to riches, 700$ to 100k in 2013

Quote from usrx201:

OP , here's a sincere suggestion on how to reach your goal with your current $843.

- watch this video: http://www.youtube.com/watch?v=J6lL2pdvV7w&feature=share&list=UUwsYypIPVkEIr6Rfc-cWIzw
- get Al Brook's three set. which all together may cost $100.
- trade in sim only for the next 3 months while you read through Al's books. during this time, suggested to watch Al's other BMT videos on youtube.
- when trading live again trade SPX in a small scale as Al suggests so your risk/reward is limited to cents and gradually build up according to a scaled plan.

- by the end of the year, you have have a much better chance to have gained not only a profit, but also shortcut your trading journey by a lot.

Good luck.

So are you speaking from experience here. I assume your a successful trader who used the same method? Or how can you be so confident this is a short cut?
 
Quote from dfantome:

Im sticking to it, trust me.

YOU GUYS WILL KNOW IF I BUST OR BOOM.

If i do end up going bust, atleast ill smile a little knowing some of ya assholes had a laugh.

Starting the "official full first week"
only had two trading days last week... account up to 843$.. so gonna post an update at the end of this week, and an overview.

I hope that your trading is going well, and an update would be appreciated (when you get a chance).
 
Quote from roreilly:

I hope that your trading is going well, and an update would be appreciated (when you get a chance).

Hey guys, sorry for the lack of updates. Got a new night shift job at a home and ive been working at night, and trying to trade during the day.

Havent been as active when I was unemployed.
Account was up to 1100 at the end of last week.

This week started off bad, with a max drawdown to 310$.
Made some bad plays & finally learned the reason to use stop loss, and to leave bad trades once they go against you..instead of waiting and hoping for a turn around.
I got the account back up to 450$.



I went ALL IN on NFLX calls 125 @ .11 ....tommorrow im looking at account balance of 25,000 +

So all i got to say to the ones who doubt is ahahahahahahahahaha
 
Quote from dfantome:

Hey guys, sorry for the lack of updates. Got a new night shift job at a home and ive been working at night, and trying to trade during the day.

Havent been as active when I was unemployed.
Account was up to 1100 at the end of last week.

This week started off bad, with a max drawdown to 310$.
Made some bad plays & finally learned the reason to use stop loss, and to leave bad trades once they go against you..instead of waiting and hoping for a turn around.
I got the account back up to 450$.



I went ALL IN on NFLX calls 125 @ .11 ....tommorrow im looking at account balance of 25,000 +

So all i got to say to the ones who doubt is ahahahahahahahahaha


best of luck brother!
 
Quote from dfantome:

Hey guys, sorry for the lack of updates. Got a new night shift job at a home and ive been working at night, and trying to trade during the day.

Havent been as active when I was unemployed.
Account was up to 1100 at the end of last week.

This week started off bad, with a max drawdown to 310$.
Made some bad plays & finally learned the reason to use stop loss, and to leave bad trades once they go against you..instead of waiting and hoping for a turn around.
I got the account back up to 450$.



I went ALL IN on NFLX calls 125 @ .11 ....tommorrow im looking at account balance of 25,000 +

So all i got to say to the ones who doubt is ahahahahahahahahaha

Congrats on your 'all on black' moment (assuming you arent just fucking with us).

Now put 90% of that in a college fund for your kid and pretend like it never happened.
 
Quote from spd:

Congrats on your 'all on black' moment (assuming you arent just fucking with us).

Now put 90% of that in a college fund for your kid and pretend like it never happened.

Im actually going to do just that..
5k for a college savings account for the child investing conservatively
5k to my mother for house repairs

10k for a new account at IB, so I can start with my "real" strategy of put selling and put spreads.

and whatever else is left will go for play, or into the savings account for daily living.

never thought id be even above 5k this early on (knock on wood),
especially after those losses early in the week.

im scratching my 100k "goal" as im satisfied with 25k. Gonna do some things with this money like I laid out above, and come monday im gonna start a whole new strategy, no more risky business as I have enough bank (in my opinion) to start treating this like a real buisness instead of a speculative casino.. although I will still do some call buying it will no longer be a main part of my over all strategy.
 
Quote from dfantome:



and whatever else is left will go for play
No.

Quote from dfantome:


or into the savings account for daily living.
Yeah, do this.

It could be months before your other strategies start paying off meaningfully.
 
Quote from dfantome:

Hey guys, sorry for the lack of updates. Got a new night shift job at a home and ive been working at night, and trying to trade during the day.

Havent been as active when I was unemployed.
Account was up to 1100 at the end of last week.

This week started off bad, with a max drawdown to 310$.
Made some bad plays & finally learned the reason to use stop loss, and to leave bad trades once they go against you..instead of waiting and hoping for a turn around.
I got the account back up to 450$.



I went ALL IN on NFLX calls 125 @ .11 ....tommorrow im looking at account balance of 25,000 +

So all i got to say to the ones who doubt is ahahahahahahahahaha

BS. Troll thread. Amazing how nobody ever posts about these lotto wins until after the stock rallies $35 AH.
 
Quote from rtiger29:

700 to 25k, gosh, im trading the wrong instrument, do you have a P/L statement we could see?

Yeah, ill post my trade history after I cash in tommorrow.
 
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